International Datacasting inks deal with Wananchi
International Datacasting Corp (IDC) said it signed a $16 million contract with Kenyan telecom company Wananchi Group to develop, build and roll out direct-to-home broadcasting services in the African sub-Sahara region.
IDC, which develops systems to distribute broadband multimedia content, said Phase 1 of the agreement includes the set up of a satellite-to-set-top box platform and the delivery of 100,000 set-top boxes over the next 18 months.
IDC also said the agreement discusses the possibility of a Phase 2 and Phase 3, which would consist an additional 100,000 units for each subsequent phase, depending on Wananchi's needs, over three years.
The Ottawa, Ontario-based company's shares, which have lost 17 percent of their value in the last three months, closed at 24 Canadian cents on the Toronto Stock Exchange.
Firms rush to set up camp, eyes bloc’s expanded client baseBarely a week after President Kibaki urged firms to take advantage of the operationalisation of the East African Community common market, which comes into effect today, firms are moving in earnest to make their presence felt in the five member states.
Why Kenyan boxers are winning medals once againThe BFK led by President Anthony ‘Jamal’ Ombok was elected into the office in 2019 and has since...
Locals want livestock allowed to graze in ADC farm linked to Ruto
- Raila’s grand march to State House begins
- Roads closed for Nairobi Expressway construction reopen from September 30
- Puzzle of dairy cows killed for udders and reproductive parts
- You have no right to complain about high fuel prices, Speaker tells MPs
- Willie Kimani murder: Four police officers have case to answer
By Sara Okuoro